Russel Metals Inc. (TSE:RUS) to Issue Quarterly Dividend of $0.44

Russel Metals Inc. (TSE:RUS) declared a quarterly dividend on Thursday, May 28th, TickerTech Dividends reports. Shareholders of record on Monday, June 15th will be given a dividend of 0.44 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, May 28th.

Russel Metals Stock Performance

Shares of RUS opened at C$59.77 on Tuesday. The firm has a market cap of C$3.28 billion, a PE ratio of 16.79, a PEG ratio of 0.59 and a beta of 0.95. The stock’s fifty day moving average price is C$51.69 and its two-hundred day moving average price is C$47.33. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44. Russel Metals has a 1 year low of C$39.09 and a 1 year high of C$60.41.

Russel Metals (TSE:RUS) last issued its earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share (EPS) for the quarter. The firm had revenue of C$1.42 billion for the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.

Analysts Set New Price Targets

RUS has been the topic of several research reports. TD boosted their target price on Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a research note on Monday, May 11th. TD Securities boosted their target price on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Raymond James Financial boosted their target price on Russel Metals from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. BMO Capital Markets boosted their target price on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Finally, Scotiabank boosted their target price on Russel Metals from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$59.50.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.